Tesla's $30K Cybercab Promises 2-Seater Rides Under 30 Cents a Mile by 2026, , But Leaves Investors Wanting More

Sunita Somvanshi

Tesla CEO Elon Musk revealed prototypes of the Cybercab robotaxi and Robovan autonomous passenger vehicle at the "We, Robot" investor event on October 11th.

 Photo Source: @Tesla (X formerly twitter)

The Robovan concept is designed to transport up to 20 passengers autonomously.

 Photo Source: @Tesla (X formerly twitter)

Musk proclaimed that "the autonomous future is here."

 Photo Source: @Tesla (X formerly twitter)

Musk reiterated promises of unsupervised full self-driving (FSD) trials in Texas and California next year.

 Photo Source: @Tesla (X formerly twitter)

Investors were disappointed.

 Photo Source: @Tesla (X formerly twitter)

Tesla stock fell nearly 10% in early trading Friday .

 Photo Source: @Tesla (X formerly twitter)

Tesla's camera-only FSD approach is controversial, and the latest version still requires 71 miles compared to Waymo's 17,311 according to The Dawn Project.

 Photo Source: @Tesla (X formerly twitter)

Piper Sandler noted, "We wouldn't be surprised if the stock sells off in the coming weeks, as pre-event momentum fizzles."

 Photo Source: @Tesla (X formerly twitter)

For Tesla, the winding road to robotaxi nirvana is proving longer than Musk's optimistic timelines.

 Photo Source: @Tesla (X formerly twitter)

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